Asset Management Securities Enforcement & Compliance

Financial Institutions

Futures, options and equity trading firm and its principal in a Regulation SHO investigation by the SEC. The investigation concluded without charges against our clients.
Asset management firm in connection with an SEC inquiry regarding registration-related issues.
Leading investment firm with more than $57 billion under management in insider trading-related issues.
Asset manager of a registered closed-end fund in an enforcement matter related to the holding of a shareholder meeting involving an activist group. We successfully resolved the matter by demonstrating to the SEC that the adviser’s actions were appropriate under state and federal law.
International investment bank in a “dark pool” trading, marketing and disclosure investigation by the SEC and the New York Attorney General’s Office (NYAG). The SEC and NYAG brought charges against similarly situated firms but not against our client.
Private equity fund adviser in an SEC investigation of breach of fiduciary duty and disclosure issues relating to allocation of fees. The SEC terminated the investigation.
Public company and its executives in SEC and DOJ investigations relating to the securitization and servicing of mortgage-backed assets.
Investment company in an SEC investigation that resulted in the SEC closing the matter without charges.
Hedge fund in an SEC investigation that resulted in the SEC closing the matter without charges.

Investment Advisers Hedge Funds Private Equity and Broker-Dealers

Investment adviser in an SEC investigation of related party transactions, Form ADV disclosures and allegations of common control. No charges were filed after a lengthy investigation.
Investment adviser affiliate of a large, multinational professional services company in responding to SEC and U.S. Department of Labor (DOL) inquiries regarding potential breach of fiduciary duty. We successfully convinced the SEC and DOL to close the inquiries without enforcement action.
Investment adviser affiliate of a Fortune 200 company in a two-year investigation regarding the investment adviser’s alleged receipt of undisclosed compensation, including 12b-1 fees and mutual fund share class selection practices. We persuaded the SEC to close the investigation.
Broker-dealer affiliate of a Fortune 200 company in successive inquiries by the SEC and the Financial Industry Regulatory Authority (FINRA) regarding allegedly improper sales practices by several top registered representatives. We persuaded the SEC and FINRA to close the inquiries without enforcement action.
Broder-dealer affiliate of a Fortune 200 company in a FINRA enforcement action related to a cybersecurity breach. As part of the representation, we advised the broker-dealer regarding enhancements to its compliance program, as well as its cybersecurity policies and procedures.

Directors Officers and High-Profile Individuals

Former CFO of Wilmington Trust Company in a high-profile, $360 million complex federal criminal trial and related SEC litigation involving financial crisis-era accounting and disclosure issues concerning past due commercial real estate and construction loans.
Former senior executive of a large international insurance company in an investigation by the SEC and NYAG involving accounting and disclosure issues. Criminal and civil charges were brought against a group of individuals, but our client was not charged.
Investment banker in an insider trading investigation by the SEC and the U.S. Attorney’s Office for the Northern District of Illinois, resulting in a noncustodial sentence of probation.
Former executive of a major cryptocurrency exchange in a DOJ investigation.
Former CEO of a digital media company in an insider-trading investigation by the U.S. Attorney’s Office for the Southern District of New York.
Founder of a block chain development company in an SEC investigation.
Directors of a publicly traded insurance company in an SEC investigation.
CFO of a hedge fund in an SEC investigation.

RECOGNITIONS